The latest Bask Bank promotions, bonuses, and offers are available here.
They currently offer frequent American Airlines travelers a chance to earn up to 1,000 American Airlines AAdvantage Miles when you sign up for a Savings Account along with a competitive interest rate!
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About Bask Bank Promotions
Bask Bank was the first online-only savings bank in the U.S. through Texas Capital Bank. Launched in 1999, they provide a variety of saving as well as earn!
I’ll review the current Bask Bank Promotions below.
Bask Bank 1,000 AAdvantage Bonus Miles
- What you’ll get: 1,000 AAdvantage® bonus miles
- Account Type: Bask Savings Account
- Availability: Nationwide Online
- Direct Deposit Requirement: No
- Credit Inquiry: Soft Pull
- ChexSystem: Unknown
- Credit Card Funding: None
- Monthly Fee: None
- Early Account Termination Fee: None
- Household Limit: None
(Expires 03/16/2023)
See terms here.
| You can compare this to several great entry level Checking accounts with bonus offers include the BMO Harris Smart Money™ Account ($200 bonus), U.S. Bank SmartlyTM Checking ($400 bonus), Chase Total Checking® ($200 bonus), SoFi Checking and Savings ($275 bonus), and Citi Priority Account (Up to $2000 Cash Bonus). |
How to Earn Bonus
- To qualify for this offer, you must be a first time Bask Mileage Savings Account customer, fund your Bask Mileage Savings Account with a minimum of $5,000 within 15 calendar days following the initial account opening and maintain a minimum daily account balance of $5,000 for 90 consecutive days out of the first 120 days following the initial account opening.
- AAdvantage® bonus miles are awarded within 10 business days upon meeting offer qualifications and may take 6 to 8 weeks to post to your AAdvantage® account.
- The value of this bonus offer will be reported to the IRS, and the recipient is responsible for any federal, state or local taxes on this offer.
- Account Opening Bonus: Bask Bank is offering 1,000 AAdvantage® miles for customers that (i) have not previously opened a Bask Savings Account; (ii) meet Bask Bank’s qualifications to open an account; (iii) complete the online account opening process between December 16, 2022 and March 16, 2023; (iv) fund the account within fifteen (15) calendar days following the initial account opening; (v) maintain a minimum daily account balance of $5,000 for ninety (90) consecutive days out of the first one hundred and twenty (120) days following the initial account opening; and (vi) provide Bask Bank with an AAdvantage® account number in the same name as the subject Bask Savings Account.
- Bask Bank will award the Account Opening Bonus miles within ten (10) Business Days once all of the conditions of this offer have been met.
- AAdvantage® miles may take 6-8 weeks to post to the linked AAdvantage® account.
- This offer is limited to one Account Opening Bonus Award for each customer.
- Customers that have previously opened a Bask Savings Account, whether the account is still open or if it has been closed, are not eligible for this Bonus Miles offer.
- The value of this bonus/offer will be reported to the IRS and the recipient is responsible for any federal, state or local taxes on this offer.
Bottom Line
All in all, the current Bask Bank promotions might seem confusing and daunting at first. However, this is a fantastic offer on those who value American Airlines AAdvantage Miles. Not only does the promotion trigger a soft pull, but the offer is far superior to any other promotions like it!
However, you do need to pay taxes on miles earned through bank accounts.
Find more bank promotions here! You can checkout offers from Citi, Huntington, HSBC, Chase, TD, Discover Bank, Aspiration, Axos Bank, PNC Bank, BMO Harris, SoFi, Fifth Third Bank, Bank of America, Wells Fargo, US Bank, and more!
*Check back for updated Bask Bank promotions, bonuses and offers.
If 76,000 miles are earned, at $0.42/mile, that means that $31,920? are added to my income for tax purposes – is that correct? That seems like a huge impact on my personal taxes. Am I missing something? Thanks.
Sorry – I mis-read the value – it is $0.0042/mile (0.42 CENTS/mile). Thanks.
.0042 is 4.2 cents not 42 cents a mile